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Published on April 2, 2008

The special committee, with the Bank of Thailand as a member, was set up by the Cabinet on March 25 to develop the capital and money markets in the long term.

Stock Exchange of Thailand president Patareeya Benjapholchai yesterday said that in its first meeting, the committee was expected to discuss a plan to develop equity, fixed income, derivatives and money markets.

The committee will also compare information about foreign markets with the Thai bourse, in order to seek solutions to problems and obstacles blocking long-term development.

Meanwhile, in July the CEOs of six Asean stock markets - Thailand, the Philippines, Indonesia, Vietnam, Malaysia and Singapore - will meet again after initial earlier meetings. These CEOs of these Asean stock markets earlier agreed to set up an Asean board by combining the blue-chip stocks of each country on one board, in order to attract foreign investors.

Patareeya said that in the first stage, 30 Thai blue-chip stocks would be selected for the Asean board.

Siriporn Chanjindamanee

The Nation